Insurance & Reinsurance

Mamo TCV participated in the FinanceMalta Annual Conference which took place on the 17th May 2018 at the Hilton Conference Centre, St Julians.Ms. Romina Bonnici – Senior Manager, Regulatory & Compliance represented the firm as a Panellist on the Panel Discussion dealing with the Insurance Distribution Directive 2016/97.The Panel Discussion provided an overview of this Directive and its main changes compared to the Insurance Mediation Directive 2002/92/EC with the discussion focusing on its implementation and relevance to the Maltese market.

On the 24th May, 2018, the European Commission tabled a proposal to the European Parliament and Council regarding the introduction of a number of amendments to the Motor Insurance Directive (Directive 2009/103/EC) (the 'Directive'). The proposed changes follow a public consultation which took place between July and October 2017. The following are the amendments being proposed by the European Commission: Insolvency of an insurer: If the insurer of the vehicle responsible for an accident is insolvent, victims will be fully compensated in their Member State of residence. In cross-border situations, this will ensure that the ultimate financial responsibility is borne…

On the 24th May, 2018, the European Commission tabled a proposal to the European Parliament and Council regarding the introduction of a number of amendments to the Motor Insurance Directive (Directive 2009/103/EC) (the 'Directive'). The proposed changes follow a public consultation which took place between July and October 2017. The following are the amendments being proposed by the European Commission: Insolvency of an insurer: If the insurer of the vehicle responsible for an accident is insolvent, victims will be fully compensated in their Member State of residence. In cross-border situations, this will ensure that the ultimate financial responsibility is borne…

MamoTCV has contributed to the 6th Edition of The Insurance and Reinsurance Law Review which was published in May 2018. This review has been edited by Peter Rogan (Ince & Co LLP) and provides an overview of the legal and regulatory regime for (re)insurance undertakings and intermediaries in 30 jurisdictions. The publication provides guidance on legal and market developments in each jurisdiction aiding comparative analysis. The publication encourages a business-focused approach in comparison to standard legal guides. MamoTCV's contribution to the Malta chapter can be read or downloaded here: The Insurance and Reinsurance Law ReviewDisclaimer This document does not purport…

MamoTCV has contributed to the 6th Edition of The Insurance and Reinsurance Law Review which was published in May 2018. This review has been edited by Peter Rogan (Ince & Co LLP) and provides an overview of the legal and regulatory regime for (re)insurance undertakings and intermediaries in 30 jurisdictions. The publication provides guidance on legal and market developments in each jurisdiction aiding comparative analysis. The publication encourages a business-focused approach in comparison to standard legal guides. MamoTCV's contribution to the Malta chapter can be read or downloaded here: The Insurance and Reinsurance Law ReviewDisclaimer This document does not purport…

On 14 March 2018, the European Parliament and the Council of the European Union adopted Directive 2018/411 postponing the application of the Insurance Distribution Directive ('IDD') to 1 October 2018. Directive 2018/411 also extends to 1 July 2018 the deadline for member states to transpose the IDD into national laws.The European Parliament held that the postponement from 23 February 2018 to 1 October 2018 for the coming into force of the IDD is to give insurance undertakings and insurance distributors more time to better prepare for a correct an effective implementation of the IDD. Directive 2018/411 also notes that a…